Business Plan

A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals.
A business plan is used to help manage an organization by stating ambitions, how they will be achieved, and exactly when. The plan will also help summaries what the business is about, why it exists, and where it will get to.
A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.